Deutsche Postbank to be ready for IPO in H1 2016

FRANKFURTDeutsche Bank's retail unit Deutsche Postbank wants to be ready for an initial public offering in the first half of 2016, Chief Executive Frank Strauss said on Thursday.

"We are well on track, but still have some homework to do," Strauss said, adding that Deutsche Postbank's 2015 earnings would be affected by more than 100 million euros from the preparations of the demerger from Deutsche Bank.